The first article of Matt Levine was covered by Bloomberg in 2015.
Matt wrote his first long article on computer programming.
Matt Levine, a globally popular finance news expert and active media person at Bloomberg, wrote a news article covering all terms of crypto space.
The article was 40,000 words and was featured in Bloomberg Businessweek the article also highlights the severe downtrend of crypto-industry and how it affected the crypto assets during crypto winters.
In recent times Matt Levine is popularly known for his knowledgeable article on the crypto space and the recent article published by Bloomberg is the second article, Matt.
The first article Levine wrote was on computer programming and was featured in 2015.
Matt noted some important points in the article like “people entered in the crypto space too early became too rich and spent their money in buying luxury cars like Lamborghini and extremely expensive islands.”
Levine also compared the current trading price of Bitcoin $20,000 and the highest trading price of Bitcoin $70,000 which clearly show how BTC lost its price.
Matt said “But it’s a good time to be talking about crypto,” further noting that “There’s a pause; there’s some repose. Whatever is left in crypto is not just speculation and get-rich-quick schemes. We can think about what crypto means – divorced, a little bit, from the lines going up.”
He also mentioned his goal “ “My goal is to convince you that crypto is interesting, that it has found some new things to say about some old problems, and that even when those things are wrong, they’re wrong in illuminating ways,” furthermore “Crypto has a pretty well-developed financial system, and I’m going to talk about it a fair bit, because it’s pretty well-developed and because I like finance.”
The article is majorly divided into four parts which are as follows:-
1. Ledger, Bitcoin, and Blockchain
2. What is the meaning of Above all
3. The crypto Financial System
4. Trust, money, and Community
The heading of the Crypto Financial System is composed of CeFi, stablecoins, Defi, and Reinventing 2008.
Levine discusses the meme-stock craze that crested early last year, he said: “One important possibility is that the first generalization of Bitcoin, that an arbitrary tradeable electronic token can become valuable just because people want it to, permanently broke everyone’s brains about all of finance.”
Matt concluding the article noted that “If you build a financial system whose main appeal is its database, it will be well-suited to a world lived in databases,” adding more he said “If the world is increasingly software and advertising and online social networking and, good Lord, the metaverse, then the crypto financial system doesn’t have to build back down to the real world to be valuable. The world can come to crypto.”
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/10/28/bloombergs-matt-levine-wrote-a-40000-word-article-about-cryptocurrency-and-its-essentials/